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and a u.s. military aircraft carrier is back in virginia after a time spent patrolling the waters in the middle east but what was the u.s.s. eisenhower doing during his time in the strait of hormuz and what is it capable of we take a deep dive into one of the world's most powerful ships. plus british mega bank h.s.b.c. just settled with the u.s. government for alleged money laundering already the bank is back in court and the charge this time is predatory lending caused by a significant but caused a sniff an amount of loss of tax revenues for three georgia county do these counties have a fighting chance we'll question more. it's thursday december twenty seventh four pm in washington d.c. i'm meghan lopez and you're watching our team. well we begin this hour in bahrain a country that played a major role in the arab spring uprisings but one that was often overlooked in news coverage while the world watched egypt libya and others topple their dictators the people of bahrain had a different narrativ
and a u.s. military aircraft carrier is back in virginia after a time spent patrolling the waters in the middle east but what was the u.s.s. eisenhower doing during his time in the strait of hormuz and what is it capable of we take a deep dive into one of the world's most powerful ships. plus british mega bank h.s.b.c. just settled with the u.s. government for alleged money laundering already the bank is back in court and the charge this time is predatory lending caused by a significant but...
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u.s. hits the debt ceiling. the yen hits a two-year low against the dollar as the new japanese government battles to weaken currency. exports are rising, pushing the nikkei to its strongest gain in 20 years. .shares of toyota are heading higher after the u.s. settled a class action lawsuit. the $1 billion payment is already priced in. okay. welcome to "worldwide exchange." plenty of news to watch out of washington. all of this week, we thought it would be a quiet one. but i won't be inside the beltway if they want to get something done. the u.s. will hit the $16.4 trillion debt ceiling come monday. in a letter to congressional leaders, geithner says treasury will begin taking steps to save the government about $2 billion. geithner says it's harder to predict a time frame because the ongone fiscal cliff talks make it difficult to forecast next year's budget. among the measures treasury will take including suspending state and local government securities and investments in the federal employ
u.s. hits the debt ceiling. the yen hits a two-year low against the dollar as the new japanese government battles to weaken currency. exports are rising, pushing the nikkei to its strongest gain in 20 years. .shares of toyota are heading higher after the u.s. settled a class action lawsuit. the $1 billion payment is already priced in. okay. welcome to "worldwide exchange." plenty of news to watch out of washington. all of this week, we thought it would be a quiet one. but i won't be...
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the u.s. will reach its federal borrowing limit on new year's eve, threatening the same default that was narrowly avoided last year. in a letter to lawmakers, geithner vowed to take extraordinary measures to avoid a new default but said any remedies would only be short- term. the u.s. has acknowledged for the first time a carried out a september drone strike that killed 11 people in yemen. the victims were packed into ain truck on a desert road in a town of radda when they're struck by a missile. the washington post reports the yemeni government tried to hide u.s. responsibility for the attack by taking credit for carrying it out. the yemeni government also initially claimed only militants were killed in the strike, or forced to withdraw that claim after mourners tried to bring the dead bodies to the gates of the presidential residence. according to the washington post, the attack has devastated the community and militants in surrounding areas have gained more recruits for their fight against
the u.s. will reach its federal borrowing limit on new year's eve, threatening the same default that was narrowly avoided last year. in a letter to lawmakers, geithner vowed to take extraordinary measures to avoid a new default but said any remedies would only be short- term. the u.s. has acknowledged for the first time a carried out a september drone strike that killed 11 people in yemen. the victims were packed into ain truck on a desert road in a town of radda when they're struck by a...
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u.s. economy: home prices post their biggest advance in two years. that and more tonight on "n.b.r."! christmas may be over, but the holiday shopping season continues. many consumers hit the malls today to return gifts and buy what they really wanted. and this is the time many gift cards get redeemed. but for retailers, holiday sales so far have been a flop. sales in the two months leading up to christmas, rose just 0.7%, according to mastercard advisors that tracks the numbers. that's way below what the retail industry was predicting. erika miller spoke with retail expert dana telsey and began by asking what happened. >> i think there were a confluence of events, extra long season. hurricane sandy. tragedy in ct. >> none of the events out there were feel good factor events. it was all for consumer morale. >> when you look at the weakness this holiday season, how much of the blame do you put on retailers for not having inspiring merchandise and how much of it are just factors beyond their
u.s. economy: home prices post their biggest advance in two years. that and more tonight on "n.b.r."! christmas may be over, but the holiday shopping season continues. many consumers hit the malls today to return gifts and buy what they really wanted. and this is the time many gift cards get redeemed. but for retailers, holiday sales so far have been a flop. sales in the two months leading up to christmas, rose just 0.7%, according to mastercard advisors that tracks the numbers....
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the u.s. is still struggling to avoid dropping off the so-called fiscal cliff and to do so could put the entire global recovery at risk president obama has cut short his holidays to try and strike a deal to cap america's spending with a divided congress yet to reach a deal that's now i talked to came. from the international action center which coordinates activism and information for post a message in international justice thanks for joining us well tell us what is the fiscal cliff and just how serious could it be. well the fiscal cliff refers to a disastrous economic results that will take place if u.s. budget laws are not changed they are sat so there's something called a debt ceiling so there's so much money so so much money is spent then all of a sudden there's a huge reduction in government spending and this is really staged by the bankers and the corporations because as capitalism is collapsing internationally they are they're setting up and they're trying to get people used to the idea
the u.s. is still struggling to avoid dropping off the so-called fiscal cliff and to do so could put the entire global recovery at risk president obama has cut short his holidays to try and strike a deal to cap america's spending with a divided congress yet to reach a deal that's now i talked to came. from the international action center which coordinates activism and information for post a message in international justice thanks for joining us well tell us what is the fiscal cliff and just how...
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the u.s. state department, the number of russian children adopted by american couples has increased significantly in the last few years. in 2004, the number was more than 5800 compared to only 962 last year. over the last 20 years, americans have are adopted more than 60,000 russian children, more than any other country. >> we remain committed to supporting inter-country adoptions between our two countries. the welfare of children is too important to be linked to political aspects of our relationship. >> reporter: the bottom line, says this expert, it is ultimately the children who will suffer because there aren't enough families in russia willing to adopt. >> there are, by some estimates, 700, 750,000 children in orphanages, in institutions in russia. they don't have that many families stepping up. >> reporter: the need is especially great for children with special needs like vatali. >> we rely on our faith and hope in jesus christ and that's what is going to get us through this. but it would
the u.s. state department, the number of russian children adopted by american couples has increased significantly in the last few years. in 2004, the number was more than 5800 compared to only 962 last year. over the last 20 years, americans have are adopted more than 60,000 russian children, more than any other country. >> we remain committed to supporting inter-country adoptions between our two countries. the welfare of children is too important to be linked to political aspects of our...
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in a contentious bill to ban u.s. parents from adopting russian children passes russian parliament how does the bill compare to regulations in place in the usa and why do so many american parents pick russian kids in the first place. and while many deaf flicks users are watching their favorite shows perhaps they should be asking themselves who's watching that we'll tell you about the latest u.s. build what it means for your online privacy in just a moment. it's wednesday december twenty sixth two thousand and twelve i'm liz while you're watching r t well looks like massachusetts democrat john kerry will succeed u.s. secretary of state hillary clinton. but a reputation as a flip flopper during his presidential run constantly changing his political stances well now we can add something else to the list of so-called flip flops and this one could be particularly troublesome for someone poised to be america's top diplomat kerry was for wiki leaks before he was against it and as reported in the washington monthly this was k
in a contentious bill to ban u.s. parents from adopting russian children passes russian parliament how does the bill compare to regulations in place in the usa and why do so many american parents pick russian kids in the first place. and while many deaf flicks users are watching their favorite shows perhaps they should be asking themselves who's watching that we'll tell you about the latest u.s. build what it means for your online privacy in just a moment. it's wednesday december twenty sixth...
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the u.s. is an empire people in the u.s. have not experienced the kind of economic turmoil that they have somewhere like argentina where they went through a default is there a difference in people's approach to risk and perceived risk and their desire and willingness to hedge against it somewhere like argentina where they've experienced that kind of thing firsthand versus the u.s. where they can hear about what could possibly go wrong but they haven't experienced that kind of economic turmoil to that extent. yeah you know i'd say i mean i i spent about five months of the year and argentina and you know the understanding of the cycles that tend to happen you know they tend to happen every sort of ten years where you know you get major currency blowups. that. seceded by the kind of breakdowns and civil liberties that that we're talking about possibly. happening here in the us. the people are very very aware of what's going on and so a lot of their enterprises are kind of forced underground into what's so that just dismissed if
the u.s. is an empire people in the u.s. have not experienced the kind of economic turmoil that they have somewhere like argentina where they went through a default is there a difference in people's approach to risk and perceived risk and their desire and willingness to hedge against it somewhere like argentina where they've experienced that kind of thing firsthand versus the u.s. where they can hear about what could possibly go wrong but they haven't experienced that kind of economic turmoil...
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u.s. president george h. w. bush has been moved to an intensive care unit, the 8-year-old suffering from a fever that has worsened. a spokesperson says he is in guarded condition but is alert and able to converse with medical staff. the suicide bomber has killed three people at a u.s. base in afghanistan. if the explosion happened at the operating base. have that giant palo? you through the top stories. egypt's opposition will continue to protest against what it is calling a fraudulent referendum. the president says he knows he has made mistakes but now's the time for national unity. a bombing raid has reportedly killed 20 people. and the head of the military police has defected saying that the government has turned into a gang of murderers. massive explosion and a fireworks were house and the largest city. a densely populated district of labor. japan pose a newly elected prime minister is vowing to -- japan's newly elected prime minister is vowing to -- >> a second chance to make a mark. he stages a comeback of
u.s. president george h. w. bush has been moved to an intensive care unit, the 8-year-old suffering from a fever that has worsened. a spokesperson says he is in guarded condition but is alert and able to converse with medical staff. the suicide bomber has killed three people at a u.s. base in afghanistan. if the explosion happened at the operating base. have that giant palo? you through the top stories. egypt's opposition will continue to protest against what it is calling a fraudulent...
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harry reiry reid says the u.s. probably going over the fiscal cliff. >> would it be betser for america if we did go over the fiscal cliff? coming up? >> announcer: if congress fails to come to an agreement on the fiscal cliff, the u.s. unemployment rate will top over 9% in 2013. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ >>> coming up, we'll see how correct or in correct our predictions were for this year. we'll check in on commodities. we've also got
harry reiry reid says the u.s. probably going over the fiscal cliff. >> would it be betser for america if we did go over the fiscal cliff? coming up? >> announcer: if congress fails to come to an agreement on the fiscal cliff, the u.s. unemployment rate will top over 9% in 2013. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello?...
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what does that mean to the u.s. economy? seems we're talking about far more ports than we were in 2002? >> correct, it could be a fairly significant hit on the u.s. economy. everybody who relies on ports, importers, exporters, manufacturers,armers, agricultural exporters, trucking companies, all these industries rely on ports to move the nation's commerce. if the ports shut down, that means nothing moves in or out and essentially that will impact the economy. adam: so the deadline is this weekend. they would go on strike this weekend. last i saw weren't they going to meet with a mediator? is there a way to avert this? will it take action by congress to intervene? >> at this point the two sides are expected to meet the federal mediator at some point between december 29th. we don't know when and where the meeting will take place. at this point we need the president to step in to assure both sides stay at table to continue to negotiate without engaging in supply chain disruptions. adam: can the president take legal action order
what does that mean to the u.s. economy? seems we're talking about far more ports than we were in 2002? >> correct, it could be a fairly significant hit on the u.s. economy. everybody who relies on ports, importers, exporters, manufacturers,armers, agricultural exporters, trucking companies, all these industries rely on ports to move the nation's commerce. if the ports shut down, that means nothing moves in or out and essentially that will impact the economy. adam: so the deadline is this...
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and a ban on u.s. adoption of russian kids is about to be signed into law we'll bring you a live report on bad right after a quick break. and. the stunning beauty of reindeer gracefully dancing across the arctic tundra more than just a scenic image it is a way of life. traditionally the nets people are nomadic reindeer herders and though in many ways they lead a simple and rustic life they are also highly skilled and organized in. another week and will be preparing for the winter living around more need for a response this summer is depending on is. the day we found this particularly camp they were settled near the coast of the ca to see here for families work together to manage nearly a thousand reindeer herding reindeer is not just a job for the people in fact they say it's a part of their entire culture heritage and way of life and back they say but they can use almost every single part of the reindeer to help them survive. a deer is a means of transportation granlund equipment and clothes and. the
and a ban on u.s. adoption of russian kids is about to be signed into law we'll bring you a live report on bad right after a quick break. and. the stunning beauty of reindeer gracefully dancing across the arctic tundra more than just a scenic image it is a way of life. traditionally the nets people are nomadic reindeer herders and though in many ways they lead a simple and rustic life they are also highly skilled and organized in. another week and will be preparing for the winter living around...
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u.s. economic recovery. still ahead, the outlook for stocks in 2013, we're joined by wayne kaufman, he's the chief market analyst at john thomas financial. president obama is due back in washington tomorrow, cutting short his hawaiian holiday vacation. he will be meeting with congressional leaders for one last push to prevent the economy from falling over the fiscal cliff next week. no specific bill is on the schedule in the senate or the house, and house republicans haven't yet called their members back to washington. and hopes for a deal by the december 31 deadline are fading. darren gersh reports. >> reporter: the odds of avoiding the fiscal cliff did not get any better over the holiday. staff discussions continue, but there were few signs much, if anything has been accomplished. the house isn't even scheduled to return to washington yet, leaving it up to the senate to act. >> this is a senate that is incredibly divided, hopelessly partisan, requires 60 votes to do anything and somehow,
u.s. economic recovery. still ahead, the outlook for stocks in 2013, we're joined by wayne kaufman, he's the chief market analyst at john thomas financial. president obama is due back in washington tomorrow, cutting short his hawaiian holiday vacation. he will be meeting with congressional leaders for one last push to prevent the economy from falling over the fiscal cliff next week. no specific bill is on the schedule in the senate or the house, and house republicans haven't yet called their...
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military and u.s. forces that are there his bodyguards i mean what the united states is afraid of is that once the u.s. pulls out it's going to be taliban control the only way that they can actually avoid this is not by staying to twenty fourteen it's actually extending this deadly twenty two and we just heard blackwater bases the camp integrity of the giant contract between the special operations troops there and of course just the enormous amount of people who have died this year since obama got elected actually let's talk about drones the expanse of it the expansion of drones i feel like this year i've heard more about drones than any other year i mean it's just seems like it's just as late every country has them we're sending drones a spy in iran you know at the extrajudicial assassination judge jury executioner these drones are just it's the new face of war they're everywhere and to the credit of the american corporate media they have been covering it more this year than they had in the past has b
military and u.s. forces that are there his bodyguards i mean what the united states is afraid of is that once the u.s. pulls out it's going to be taliban control the only way that they can actually avoid this is not by staying to twenty fourteen it's actually extending this deadly twenty two and we just heard blackwater bases the camp integrity of the giant contract between the special operations troops there and of course just the enormous amount of people who have died this year since obama...
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he's taken punitive action against u.s. n.g.o.s. he's declared many non-governmental organizations in russia that received foreign funding, especially funding to the united states to be foreign agents, people now under a new legislation have to register themselves as foreign agents and this is also part of that. >> so by ratcheting up anti-american sentiment does this kind of thing play well where with the russian public? keeping the offense inside the country -- the orphans inside the country rather than letting them go into the united states? >> well, part of the story is also the legislation that's just gone through the congress that the president signed last week and this is seen in many respects as a tit for tat, the u.s. always, in the russian view applies a double standard and is always taking punitive action and applying sanctions against rush so that so this does play well. however, i think as we saw from the clips at the begining there's been some soul searching on the part of many russians about the this particular bill b
he's taken punitive action against u.s. n.g.o.s. he's declared many non-governmental organizations in russia that received foreign funding, especially funding to the united states to be foreign agents, people now under a new legislation have to register themselves as foreign agents and this is also part of that. >> so by ratcheting up anti-american sentiment does this kind of thing play well where with the russian public? keeping the offense inside the country -- the orphans inside the...
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tracy: u.s. government set to hit the legal borrowing limit on monday. 16.$4 trillion federal debt limit beginning to come down and toch congress passes legislation or defaults. treasury secretary tim traders said the treasury would begin to undertake "extraordinary measures to stave off default quote that could $3,200,000,000,000 of additional funding which would give them two more months this is creative accounting. we have many. lori: the overspending is the understatement. the bond yield is lower investors are thinking this is the safest bet stocks are falling the dow was off 100 points europe is a mess in china slows down the global economy in dire straits and we cannot stop spending there is no message in interest rates are rising as they should to prepare for another downgrade which is very concerning talking about the economic data data, consumer confidence falls over fiscal cliff uncertainty and warning the government is set to hit the legal borrowing limit by a monday. we have bill rodg
tracy: u.s. government set to hit the legal borrowing limit on monday. 16.$4 trillion federal debt limit beginning to come down and toch congress passes legislation or defaults. treasury secretary tim traders said the treasury would begin to undertake "extraordinary measures to stave off default quote that could $3,200,000,000,000 of additional funding which would give them two more months this is creative accounting. we have many. lori: the overspending is the understatement. the bond...
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a suicide car bomb at a u.s. base today. a u.s. contractor killed in kabul on monday. when erin was in kandahar, a bomb killed a u.s. service member hours after she and leon panetta left the base. one of the film makers behind the documentary has seen the violence firsthand and is out with a new ebook, the world made of blood. it is inspired by his experiences in war-torn countries. recently, erin sat down with sebastian and asked him whether journalists having seen their deadliest year in 2012 are specifically being targeted? >> i don't know if they're being targeted, but the wars that are happening now are more and more sort of out of control. the arab spring, in some ways i think it was a necessary process but it's thrown open these countries to a huge amount of chaos. the front lines are completely available and open for young freelance journalists to go. it's hard to get to a front line and now, you can just sort of drive up to them. my friend tim was killed that way. >> in libya, right? >> tim heatherington. right. >> i think there's just a lot more shooting and
a suicide car bomb at a u.s. base today. a u.s. contractor killed in kabul on monday. when erin was in kandahar, a bomb killed a u.s. service member hours after she and leon panetta left the base. one of the film makers behind the documentary has seen the violence firsthand and is out with a new ebook, the world made of blood. it is inspired by his experiences in war-torn countries. recently, erin sat down with sebastian and asked him whether journalists having seen their deadliest year in 2012...
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the collection of a nontargeted u.s. person picked up inadvertently can only be surveilled with a fisa court order. the concern was addressed when the f.a.a. was originally drafted. specifically, in order to protect the privacy and civil liberty of u.s. persons, congress mandated that for collection conducted under 702, the attorney general adopt and the fisa court review and approve procedures that minimize the acquisition, retention, and dissemination of non-public information concerning unconsenting u.s. persons. third, numerous reports and assessments from the u.s. branch that i will describe in a moment provide the committee with extensive visibility into how these minimization procedures work and enabled both the intelligence and the judiciary committees to see how these procedures are effective in protecting the privacy and civil liberties of u.s. persons. oversight by the legislative, judicial, and executive branch of the government over the past four years has been extraordinary. we have instituted procedures an
the collection of a nontargeted u.s. person picked up inadvertently can only be surveilled with a fisa court order. the concern was addressed when the f.a.a. was originally drafted. specifically, in order to protect the privacy and civil liberty of u.s. persons, congress mandated that for collection conducted under 702, the attorney general adopt and the fisa court review and approve procedures that minimize the acquisition, retention, and dissemination of non-public information concerning...
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strengthening u.s./japan alliance is the first step towards rebuilding japan's diplomacy and security. >> abe promised his government would take the lead in rebuilding northeastern japan. he will achieve results as soon as possible to regain the trust of the japanese people. he said his cabinet is designed to overcome crisis. he was elected as prime minister, a post he held before between 2006 and 2007. he's the first politician in 64 years to return to the position after resigning. abe filled the cabinet with familiar faces and new ones. he appointed suga as chief cabinet secretary. that makes him the head government spokesperson. aso is his deputy. he will serve as finance minister and financial services minister. the new foreign minister is fumio kishida. he served in the previous cabinet. onodera is defense minister. he's well versed in dip ro mat tick and security issues. he chaired a lower house committee in okinawa and the northern territories. a newly created post for akira amari for the council
strengthening u.s./japan alliance is the first step towards rebuilding japan's diplomacy and security. >> abe promised his government would take the lead in rebuilding northeastern japan. he will achieve results as soon as possible to regain the trust of the japanese people. he said his cabinet is designed to overcome crisis. he was elected as prime minister, a post he held before between 2006 and 2007. he's the first politician in 64 years to return to the position after resigning. abe...
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the u.s. government has an inherent responsibility to protect its citizens from threats, and it can do this most effectively if it's sometimes allowed to operate in secrecy. i don't expect our generals to publicly discuss the details of every troop movement in afghanistan any more than americans expected george washington to publish his strategy for the battle of york town. by the same token, american citizens recognized that their government may sometimes rely on secret intelligence collection methods in order to ensure national security, ensure public safety, and they recognize that these methods often are more effective when the details, what are really the operations and methods as we characterize them under intelligence principles, remain secret. but while americans recognize that government agencies will sometimes rely on secret sources and methods to collect intelligence information, americans expect that these agencies will at all times operate within the boundaries of publicly underst
the u.s. government has an inherent responsibility to protect its citizens from threats, and it can do this most effectively if it's sometimes allowed to operate in secrecy. i don't expect our generals to publicly discuss the details of every troop movement in afghanistan any more than americans expected george washington to publish his strategy for the battle of york town. by the same token, american citizens recognized that their government may sometimes rely on secret intelligence collection...
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i think the bahraini opposition is a key ally of the u.s. leader of the opposition and the terrorist members of the opposition have close ties with foreign embassies in bahrain we can leak some of the old many documents proving it if this is true then washington sitting comfortably it can quickly switch sides but for now the opposition in bahrain is left to wonder as to why goals to support democracy from some are less worthy of attention than others like see russia ski r.t. reporting from the kingdom of bahrain four people have died in a car bombing near the syrian capital damascus when a vehicle exploded in there a busy crossing another ten people were injured when most of the victims are reported to be students and another terror attack a much larger one targeting a school has been thwarted in the country's northeast where the details of the first moment in the region there. was apparently behind these latest incidents. well the information we have at the moment is coming from syrian state media we are hearing that some four people have b
i think the bahraini opposition is a key ally of the u.s. leader of the opposition and the terrorist members of the opposition have close ties with foreign embassies in bahrain we can leak some of the old many documents proving it if this is true then washington sitting comfortably it can quickly switch sides but for now the opposition in bahrain is left to wonder as to why goals to support democracy from some are less worthy of attention than others like see russia ski r.t. reporting from the...
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in the summer the u.s. state department came up with a statement expressing its concerns over the human rights situation and alleged torture in bahrain this was only several months after washington had restarted weapons sales to this gulf state dissenters in bahrain have been directing anger at their government for months but now stop arming the killers is a message they are more often sending out to the west somehow the in bahrain blood is worthless and the libyan blood is more important it's just critical a stand so you see for from travels to europe to direct attention to what he believes to be brutal repression in his country he and others like him have managed to alert human rights organizations but that's as far as it goes there go. clinton made a statement about bahrain about the human rights situation in bahrain and this. one protester was killed you know and show you that there is no impact on the ground we are a victim because we live in a country they condemn the violence committed by the bahrain
in the summer the u.s. state department came up with a statement expressing its concerns over the human rights situation and alleged torture in bahrain this was only several months after washington had restarted weapons sales to this gulf state dissenters in bahrain have been directing anger at their government for months but now stop arming the killers is a message they are more often sending out to the west somehow the in bahrain blood is worthless and the libyan blood is more important it's...
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others are waiting to see if the u.s. can avoid the so-called fiscal cliff before the year-end deadline. >>> and bond traders in tokyo are selling japanese government bonds or jgbs. they expect the new administration will issue more bonds to finance its stimulus measures. this sent jgb yields to a three-month high. the ten-year yield on the jgb topped 0.8% on thursday, the highest level since september 21st. yields rise when bond prices fall. analysts say more investors are shifting their financial assets from bonds to stocks so this will cause interest rates to inch up for a while. >>> u.s. treasury department officials have alerted congressional leaders about the debt ceiling. the government will reach this in about two months and the country could suffer a self-inflicted default. congress currently sets the borrowing limit at $16.4 trillion. the national debt rose because of a series of deficit-covering bonds were issued. the government and the republican party are at odds over the issue. the political stalemate in the
others are waiting to see if the u.s. can avoid the so-called fiscal cliff before the year-end deadline. >>> and bond traders in tokyo are selling japanese government bonds or jgbs. they expect the new administration will issue more bonds to finance its stimulus measures. this sent jgb yields to a three-month high. the ten-year yield on the jgb topped 0.8% on thursday, the highest level since september 21st. yields rise when bond prices fall. analysts say more investors are shifting...
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Dec 27, 2012
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there's no russia-u.s.-backed peace plan on the table. this is al jazeera, live from our headquarters in doha. an assassination that shocked the world. five years after the death of benazir bhutto, are we any closer to knowing who killed her? president obama cutting short his holiday to take up the financial fight in washington. plus -- >> in central kenya, this is one of the last remaining northern white rhinos in the world. new technology could help protect it. >> welcome to the program. i wish there was a plan, words from the man trying to broker a peace deal in syria. international envoy lakhdar brahimi made the comments in the last few hours at the end of a trip to syria. he met with representative poe representatives from both sides. >> some have come here to market a russian-american project. i wish there was a russian- american project. hence, i did not come here to market it. >> the syrian government delegation led by the country's deputy foreign minister has been in russia for talks. he was reportedly sent to moscow by bashar al
there's no russia-u.s.-backed peace plan on the table. this is al jazeera, live from our headquarters in doha. an assassination that shocked the world. five years after the death of benazir bhutto, are we any closer to knowing who killed her? president obama cutting short his holiday to take up the financial fight in washington. plus -- >> in central kenya, this is one of the last remaining northern white rhinos in the world. new technology could help protect it. >> welcome to the...
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network unnamed u.s. officials confirmed and make a was involved in the assassination of a number of iranian nuclear scientists backed by israeli intelligence service my son by israel secret service this quaint a run is named after interrogate him an iranian nuclear scientist killed in his own car this area known as midden job is a very popular and vibrant place many people pass through here while heading to the mountains resort how to fight terror on an ideal location to remind people about something that shouldn't be forgotten or forgiven. mohamed says he recognized as a democratic alternative to run in his forties feel so real to him. nothing's changed they are terrorist tactics may be changed but still the west uses it to get information to get what they want. and the terrorists he says is likely to keep his brutal ways to. r.t. from iran. now we have plenty more on our website including when prestige doesn't necessarily mean safe for russian family files a two million dollar lawsuit against bentley p
network unnamed u.s. officials confirmed and make a was involved in the assassination of a number of iranian nuclear scientists backed by israeli intelligence service my son by israel secret service this quaint a run is named after interrogate him an iranian nuclear scientist killed in his own car this area known as midden job is a very popular and vibrant place many people pass through here while heading to the mountains resort how to fight terror on an ideal location to remind people about...
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Dec 27, 2012
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in the 5-4 decision in june, the u.s. supreme court ruled a major crux of obamacare, the individual mandate is indeed constitutional. >> happy and pleased to put the supreme court ahead of partisanship. >> against the federal government that claimed map dated was violate of freedom. >> the republicans won't let up so what ever to repeal the terrible law. >> justices heard arguments from both sides and record-setting three-day hearing in march. at the time, it was unclear which way they were leaning. >> do you not have a heavy burden of justification to show authorization under the constitution? >> purchase insurance in this case. something nellis the next case. if the government can do this, what else can it not do? >> there are several outstanning suits channeling the law, meaning obama care will be a hot button issue in 2013. they are locked in a showdown over taxes and spending and the average family is caught in the middle. in washington, craig boswell, fox news. >> doug: neil abercrombie is minutes away to saying who
in the 5-4 decision in june, the u.s. supreme court ruled a major crux of obamacare, the individual mandate is indeed constitutional. >> happy and pleased to put the supreme court ahead of partisanship. >> against the federal government that claimed map dated was violate of freedom. >> the republicans won't let up so what ever to repeal the terrible law. >> justices heard arguments from both sides and record-setting three-day hearing in march. at the time, it was unclear...
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Dec 27, 2012
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number nine, the u.s. stock market. despite all those worries about the fiscal cliff and maybe slower growth in the u.s. economy, the stock market has had a great year. too bad you missed out. the smart money's been in the market. the rest of us have been worried about the fiscal cliff. >> number eight, facebook's ipo. hundreds of millions of people like facebook but investors did not on its first day as a public company. trading glitches at the nasdaq and questions about the company's ability to make money on mobile users pummeled the stock which has yet to climb its way back to its ipo price. >> number seven, mother meyer, the new ceo of yahoo!. 37 years old. looks like a mother's touch is just exactly what yahoo! needed. >> number six, mother nature. an intense drought in the midwest that scorched the soy and corn crop sending prices sky high. who could forget superstorm sandy. neighborhoods swept away, millions without power and damages as high as $50 billion, raising lots of questions about u.s. infrastructure and
number nine, the u.s. stock market. despite all those worries about the fiscal cliff and maybe slower growth in the u.s. economy, the stock market has had a great year. too bad you missed out. the smart money's been in the market. the rest of us have been worried about the fiscal cliff. >> number eight, facebook's ipo. hundreds of millions of people like facebook but investors did not on its first day as a public company. trading glitches at the nasdaq and questions about the company's...
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we begin with the harrowing ordeal with u.s. marine january homer jr. after spending four months in a mexican jail, often chained to his bed. he was released to his family in time for christmas but his story doesn't stop there. eddie joins us. >> you have been in communication with him. how is he doing? >> thank you very much for having me, kimberly. he's doing okay. they arrived to miami to their house sometime late in the evening monday. tired. they had a long drive, as you probably know. they had to run into the hospital in louisiana but he's holding up. he cannot be standing for a long time. he's taking quality time, i would call it down time to be with the family and rebudding and expecting and waiting for some tests to come back, see what the prognosis and whatever they have to heal. and mentally, of course, and emotionally and medically, as well. >> everyone is overjoyed at his release, of course, in time for christmas. but it has been an incredible ordeal for him both physically and emotionally. and his family, his mother said she couldn't rest
we begin with the harrowing ordeal with u.s. marine january homer jr. after spending four months in a mexican jail, often chained to his bed. he was released to his family in time for christmas but his story doesn't stop there. eddie joins us. >> you have been in communication with him. how is he doing? >> thank you very much for having me, kimberly. he's doing okay. they arrived to miami to their house sometime late in the evening monday. tired. they had a long drive, as you...
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president vladimir putin has confirmed he'll sign a ban preventing u.s. citizens from adopting russian children lawmakers say it targets what they call america's ignorant treatment towards those who that russian children suffer. has more on the president putin's agenda now. he says that he doesn't see any reason why he shouldn't sign it but he did mention that he should take one very close careful look at the final draft of this law on top of that however it was and has also mentioned that he is ready to sign the debt additional law which would increase the protection of russian children in the country and self love there is the name of this was a young boy who was adopted by an american family and died while in custody of his new adoptive father now the father was left off with just a fine after leaving his young son in a car in a blistering heat for hours the congress parked outside of his office and it's the cases precisely like this that worry the russian lawmakers who say that the american law system is not. out to provide enough security for the rus
president vladimir putin has confirmed he'll sign a ban preventing u.s. citizens from adopting russian children lawmakers say it targets what they call america's ignorant treatment towards those who that russian children suffer. has more on the president putin's agenda now. he says that he doesn't see any reason why he shouldn't sign it but he did mention that he should take one very close careful look at the final draft of this law on top of that however it was and has also mentioned that he...
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Dec 27, 2012
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it's believed to be the largest in u.s. history involving an automobile defect. toyota has agreed to pay $1.1 billion to reimburse owners and install new safety equipment. dozens of drivers have claimed their cars accelerated without warning. more than 14 million cars were recalled in 2009 and 2010, but, as part of the settlement, toyota admits no fault. the forecast for this year's holiday sales were apparently way off. last week, the retail analyst shoppertrak projected sales this year would go up 2.5%, but a new report puts it at 0.7%, the weakest season since 2008. we asked elaine quijano to find out why shoppers were not in a spending mood. >> reporter: the early indications are that shoppers weren't in the holiday shopping spirit this year, and some of the reasons had nothing to do with the economy. dana telsey is a retail analyst. >> whether it was hurricane sandy, the need to spend on the home; whether it was the tragedy in connecticut, and took away the feel-good factor-- it was a confluence of events that led to a "should have been better" holiday seaso
it's believed to be the largest in u.s. history involving an automobile defect. toyota has agreed to pay $1.1 billion to reimburse owners and install new safety equipment. dozens of drivers have claimed their cars accelerated without warning. more than 14 million cars were recalled in 2009 and 2010, but, as part of the settlement, toyota admits no fault. the forecast for this year's holiday sales were apparently way off. last week, the retail analyst shoppertrak projected sales this year would...
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Dec 27, 2012
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with us, the chief business correspondent for u.s. news and world report, rick newman, and author of rebounders, how winners pivot from setback to success. talk about the debt ceiling for us, first of all, welcome. talk about the debt ceiling and how it affects us. we here horror scenarios about the red -- credit rating. >> one good thing you can say about reaching the debt limit is it's not a surprise. everybody has known this is coming up. the government will continue to function for a couple more months. emergency measures will be used to keep the money flowing, so to speak. this is unrelated to the fiscal cliff, so it's an additional problem that everybody has to deal with. of course the worst thing is we know how horrible it was the last time the debt ceiling needed to be raised in the summer of 2011, it went down to the wire and it looked as if there was a chance the united states would not raise the borrowing limit and default. we heard talk about social security payments not going out and that kind of thing. that's all led to
with us, the chief business correspondent for u.s. news and world report, rick newman, and author of rebounders, how winners pivot from setback to success. talk about the debt ceiling for us, first of all, welcome. talk about the debt ceiling and how it affects us. we here horror scenarios about the red -- credit rating. >> one good thing you can say about reaching the debt limit is it's not a surprise. everybody has known this is coming up. the government will continue to function for a...
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Dec 27, 2012
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the bill is a resfons a new u.s. law calling for sanctions against russians found to have violated human rights. official says 46 children about to be adopted by american citizens will stay in russia if this bill is signed. >> nelson mandela is back home. the 94-year-old had been in the hospital since december 8th diagnosed with a lung inzpex had a procedure to remove gall stones a spokesman says he will receive more care in his home until he fully recovers. >> officials in newtown, connecticut have come up with mj novel idea for what to do with all of the momentos sent po-to-pay tribute to the victims of the shooting. display will stay at the memorial that sprung up outside sandy hook until after the new year. afterwards officials say yimts will be turned into soil that will be used to make building blocks of a permanent memorial at the site. >> and coming up next, experts have warned about the climbing -- declining childhood obesity rates. research suggests we may be starting the year in a new direction. >> a son's
the bill is a resfons a new u.s. law calling for sanctions against russians found to have violated human rights. official says 46 children about to be adopted by american citizens will stay in russia if this bill is signed. >> nelson mandela is back home. the 94-year-old had been in the hospital since december 8th diagnosed with a lung inzpex had a procedure to remove gall stones a spokesman says he will receive more care in his home until he fully recovers. >> officials in newtown,...
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>> light in the u.s. unless the politicians actually start working, some are going to show up today and they do something. then they are going to start talking, trying to put out headlines, try to outdo each other, talk to guys like carl, gals like you and try to say, hey, look at me, i'm fixing everything, then you will see markets move a little bit. >> in terms of the volatileity, we have seen volatility remain extremely low. granted, we are in a holiday-short and week, therefore it is artificially depressed, higher than we are seeing it now, at 19 and change or so. what do you account for the complacency in the market, remained in the market most of the month of december, as we are nearing the deadline? >> you have two competing things, guys who made money and don't want to risk it and guys that missed the move and are frustrated they are not going to get n the retail investor is not really participating, a lot of the funds respect playing right now either, they will wait until next week. >> i know a l
>> light in the u.s. unless the politicians actually start working, some are going to show up today and they do something. then they are going to start talking, trying to put out headlines, try to outdo each other, talk to guys like carl, gals like you and try to say, hey, look at me, i'm fixing everything, then you will see markets move a little bit. >> in terms of the volatileity, we have seen volatility remain extremely low. granted, we are in a holiday-short and week, therefore...
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banning u.s. families from adopting russian children from and what it might mean for the future of parents everywhere who want to adopt children overseas really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! ♪ i don't wanna be right [ record scratch ] what?! it's not bad for you. it just tastes that way. [ female announcer ] honey nut cheerios cereal -- heart-healthy, whole grain oats. you can't go wrong loving it. heather: welcome back. epa administrator lisa jackson up and down after four years on the job. her tenure has been marked by controversy. including a high-profile fight with republicans over the keystone pipeline. she is also accused of using a secret e-mail alias to conduct official business. in a statement, she gave no reason for her departure, but said that she would be ready for a new challenge. she's expected to leave sometime next month's.
banning u.s. families from adopting russian children from and what it might mean for the future of parents everywhere who want to adopt children overseas really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! ♪ i don't wanna be right [ record scratch ] what?! it's not bad for you. it just tastes that way. [ female announcer ] honey nut cheerios cereal --...
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two of the most violent gangs in u.s. history. is just all model kill or be killed with colors matching the national flag. but this country uses violence when it reaches and then it legitimizes the violence they all made in america on the odyssey. you know how sometimes you see a story and it seems so for lengthly you think you understand it and then you glimpse something else you hear or see some other part of it and realize everything you thought you knew you don't know i'm tom hartman welcome to the big picture. more news today violence is once again flared up. from these are the images the world has been seeing from the streets of canada. giant corporations are on the day . the mission of free accreditation free in-store charges.
two of the most violent gangs in u.s. history. is just all model kill or be killed with colors matching the national flag. but this country uses violence when it reaches and then it legitimizes the violence they all made in america on the odyssey. you know how sometimes you see a story and it seems so for lengthly you think you understand it and then you glimpse something else you hear or see some other part of it and realize everything you thought you knew you don't know i'm tom hartman...
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she did not take the lead as much as obama and the u.s. had hoped, but she has gotten better. >> there is this a dominant role, and we do not have much of a say, even though since spring, our president, unlike his predecessor, sarkozy, has tried to stand up to the german chancellor more. >> president francois hollande, together with italy and spain, pushed back against germany's strict austerity plans for europe. the amended year, there was a sense that germany might cut in its place, the southern european countries were going to build up a counterbalance, but that has not really been borne out. especially since hollande never followed through with his drive to renegotiate the fiscal pact. that did not happen. >> for germany, that meant sticking to the status quo. chancellor merkel met with the greek prime minister in october. she made it clear that austerity remains the number one priority, but her message is not popular with the greek people. >> i know that these reforms demand a lot from people in those countries that are especially har
she did not take the lead as much as obama and the u.s. had hoped, but she has gotten better. >> there is this a dominant role, and we do not have much of a say, even though since spring, our president, unlike his predecessor, sarkozy, has tried to stand up to the german chancellor more. >> president francois hollande, together with italy and spain, pushed back against germany's strict austerity plans for europe. the amended year, there was a sense that germany might cut in its...
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Dec 27, 2012
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there are pockets in the u.s. equity market that look attractive. energy particularly as well as technology, even health care to some degree. both for yield and investors as well as those looking for capital growth but increasingly because risks are receding on a global basis we're suggesting investors pivot to non-u.s. equities. international markets look very appealing right now. ashley: what about the targets on s&p, best worst scenario? >> we best-case scenario of 1545 on the s&p 500. ashley: okay. >> 8 t0 10% or so out of the money. ashley: right now 1414. >> it is. and that would imply mid to upper single-digit earnings growth and very little in the way of multiple expansion to get to that kind of a figure. on more optimistic case, we have 1680 out there. ashley: that is optimistic. >> well it is. it is scenario majority of probability for us but nonetheless we put it on the table in the context of us getting past the fiscal cliff, seeing increase in certainty, risk continue to abate internationally. and as a consequence earnings growth couple
there are pockets in the u.s. equity market that look attractive. energy particularly as well as technology, even health care to some degree. both for yield and investors as well as those looking for capital growth but increasingly because risks are receding on a global basis we're suggesting investors pivot to non-u.s. equities. international markets look very appealing right now. ashley: what about the targets on s&p, best worst scenario? >> we best-case scenario of 1545 on the...
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that's a frightening normality it's a frightening president assef that's what they're doing because the u.s. treasury is working its magic isn't it to free up two hundred billion dollars to avoid going above the debt ceiling over a sixteen point four trillion how realistic is that what i think you have to set some technical difficulties but we can thank our guests for joining us on a case ok we can can continue talking about this actually in the business section had to meet she's with us in the studio so this us fiscal cliff to causing trouble as we've heard yes that's exactly what we're talking about as the fourth consecutive day of losses on the u.s. markets just because there's still no deal so we'll look at that in more detail in a couple of minutes when i'm back. as his day starts at five am even earlier in the winter tending to his flock of story hundred sheep in the mountains and plains of. thirty five years old it wasn't the life he dreamt of having studied accounting but he dition and familial duty dictated that he would take on the care of these animals after his father has just m
that's a frightening normality it's a frightening president assef that's what they're doing because the u.s. treasury is working its magic isn't it to free up two hundred billion dollars to avoid going above the debt ceiling over a sixteen point four trillion how realistic is that what i think you have to set some technical difficulties but we can thank our guests for joining us on a case ok we can can continue talking about this actually in the business section had to meet she's with us in the...
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the u.s. expected to reach its $16.4- trillion debt ceiling before the end of the year, the treasury department will undertake acccounting manuvers to create $200 billion in what treasury secretary timothy giethner calls "headroom." call it, "in your facebook." an instagram user has filed what could become a class-action lawsuit over a policy change that would allow instagram to sell ads using a person's name or photo published on the website. instagram announced it would backtrack on the idea, but eventually wants to come back to users and explain its intentions. the u.s. government may expand its mortgage refinancing program to include borrowers not backed by fannie mae and freddie mac and also include borrowers who owe more than their homes are worth - about 22% of all homes with a mortgage. from department stores to bookshops to jewelry sellers, a lot of retail stocks are dragging around their empty boxes and gift wrap post- christmas. mark sebastian of option pit joins us. mark, welcome,
the u.s. expected to reach its $16.4- trillion debt ceiling before the end of the year, the treasury department will undertake acccounting manuvers to create $200 billion in what treasury secretary timothy giethner calls "headroom." call it, "in your facebook." an instagram user has filed what could become a class-action lawsuit over a policy change that would allow instagram to sell ads using a person's name or photo published on the website. instagram announced it would...
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a u.s. investigation found that driver error was largely to blame for most of the acts for sticky gas pedals. the investigation also found floor mats got in the way. toyota's reputation really suffered back in 2009, 2010. it even led to congressional hearings. toyota u.s. sales were flat at that time but they rebounded nicely with toyota joining a record year this year selling 9.7 million vehicles and predicting a sales gain of 2% in the new year. toyota stock up 41% this year, one last point here, the $1.1 billion settlement not a don deal, the agreement needs approval of a u.s. district judge. patti ann: thank you. you can watch lori with melissa francis on the fox business network every day at 1:00pm eastern time. gregg: i want to till you about this massive recall of a baby product, four national retailers have agreed to recall more than 150,000 nap-nanny baby recliners. the consumer product safety commission warning the nap-nanny has dangerous defects. at least five infants reportedly d
a u.s. investigation found that driver error was largely to blame for most of the acts for sticky gas pedals. the investigation also found floor mats got in the way. toyota's reputation really suffered back in 2009, 2010. it even led to congressional hearings. toyota u.s. sales were flat at that time but they rebounded nicely with toyota joining a record year this year selling 9.7 million vehicles and predicting a sales gain of 2% in the new year. toyota stock up 41% this year, one last point...
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rich in resources and they are regional powers to make sense for them to to resist and i think the u.s. feels that the more we can impose our will through our ways of doing business. that people will see that it's the right way doesn't work that way people don't have the same values that we. as we know from the george bush you're either with us or against. us. we grow up learning how to manage the empire without questioning whether or not we actually need one that's right and obama both ways are very good at it i think he's a bleriot and i'm sure there should be great when he looks in the camera he just i will keep this country strong we are going to be indispensable nation he repeats it . but it's a very good salesman and unfortunately we're out of time it was an absolute honor pleasure to have both of them on i really encourage i want to check out the untold history of the united states the groundbreaking work really important for everyone to see it in this country thank you i appreciate it. wealthy british style. but on. market why not. come to. find out what's really happening to t
rich in resources and they are regional powers to make sense for them to to resist and i think the u.s. feels that the more we can impose our will through our ways of doing business. that people will see that it's the right way doesn't work that way people don't have the same values that we. as we know from the george bush you're either with us or against. us. we grow up learning how to manage the empire without questioning whether or not we actually need one that's right and obama both ways...
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today, the u.s. is heading over the cliff. >> what goes away next week is the bush tax cut that they loathed since they went in place a secon decade ago. don't assume the president wants to cut a deal. he wants to see if he'll be blamed for it before they negotiate. they talk about the meeting tomorrow with the president and key congressional leaders. >> thank you. if the fiscal cliff can be avoided there is another gigantic hurdle awaiting the lawmakers. >> they will hit the credit limit of $16.4 trillion on december 31. the nation thereafter can't pay the bills unless congress raises the limit. >> with a new congress in january we need to revisit an finally give ourselves the determination to solve not only our short-term debt but the long-term debt. >> they raised the debt limit 11 times in a decade. most recently in august 2011 after a bruising political fight. democrats accuse republicans of using the debt limit as political "leverage" to press for spending cuts. a point they tried to make with
today, the u.s. is heading over the cliff. >> what goes away next week is the bush tax cut that they loathed since they went in place a secon decade ago. don't assume the president wants to cut a deal. he wants to see if he'll be blamed for it before they negotiate. they talk about the meeting tomorrow with the president and key congressional leaders. >> thank you. if the fiscal cliff can be avoided there is another gigantic hurdle awaiting the lawmakers. >> they will hit the...
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markets in the u.s. and around the world could take a hit. right now the dow is down almost 100 points. no santa clauz rally this year. managing director of the boston consulting group joins me from chicago. great to see you. happy holidays. let's talk about the effect on the economy. i think it's important to point out that it if no deal is reached by january 1st, some things will take effect right away. 2% increase in payroll taxes. no more unemployment benefits for 2 million americans. others will take a little longer to take effect. having said that, what will be the impact on the economy long-term, do you think? >> i think you have to look at this more than as a fiscal cliff but as a fiscal slide. what we're doing is we're beginning a slide and we're going to slide slowly if we don't do something by february we'll have a debt limit crisis that will also cause us so accelerate and reduce the confidence in the united states of america, which is something we should not allow to have happ happen. by march, all of a sudden there will be a pay
markets in the u.s. and around the world could take a hit. right now the dow is down almost 100 points. no santa clauz rally this year. managing director of the boston consulting group joins me from chicago. great to see you. happy holidays. let's talk about the effect on the economy. i think it's important to point out that it if no deal is reached by january 1st, some things will take effect right away. 2% increase in payroll taxes. no more unemployment benefits for 2 million americans....
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harry reid says the u.s. is likely to roll off of the fiscal cliff and will speak to reporters about those negotiations. mortgage rates finished out the year near historic lows. freddie mac says the average for a 30 year fixed mortgage east to 3.35%. the empire state building is one step closer to going public. the management of the iconic skyscraper has been given the go-ahead by the securities and exchange commission to allow the building to be included in a proposed real-estate investment funds. empire state realty creates as much as $1 billion in an initial public offering. that is the latest from the fox business network giving you the power to prosper. shibani: thing they're calling down after winter weather wallop. it was messy in new york city, hundreds of flights have been canceled or delayed across the nation leaving travelers stranded. let's check with the latest from maria molina at the fox business center for update. looking pretty good today. >> starting to improve, suspecting across new england
harry reid says the u.s. is likely to roll off of the fiscal cliff and will speak to reporters about those negotiations. mortgage rates finished out the year near historic lows. freddie mac says the average for a 30 year fixed mortgage east to 3.35%. the empire state building is one step closer to going public. the management of the iconic skyscraper has been given the go-ahead by the securities and exchange commission to allow the building to be included in a proposed real-estate investment...